Central Banks
Fed’s Collins Leans Toward Downshifting to a Quarter-Point Hike
- Says smaller moves give Fed more time to assess data
- Boston Fed chief comments in interview with New York Times
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Federal Reserve Bank of Boston President Susan Collins said she’s leaning toward supporting a quarter-point interest rate hike at the central bank’s next meeting ending Feb. 1 as officials near a peak in borrowing costs.
Downshifting to a smaller move from the more aggressive rate increases the Fed rolled out last year would give officials more time to see how their actions are affecting the economy, Collins said Wednesday in an interview with The New York Times.